Youbaolian

Youbaolian (Beijing) Technology Co., Ltd. operates as a technology service provider for the insurance sector in China, positioning itself as an AI and cloud-based platform for insurance intermediaries. Founded in 2016 by Wei Zongyi, a serial entrepreneur who previously served as the CTO of Zhangshangtong, the company focuses on delivering digital solutions to a market that has become the second-largest globally. Zongyi's background in internet technology and e-commerce, along with a team where 50% are dedicated to research and development with experience in insurance and fintech, has shaped the company's direction.

The firm’s business model is centered on providing Software-as-a-Service (SaaS) solutions to insurance intermediaries, including professional and part-time agents, as well as brokerage and assessment companies. Youbaolian generates revenue by offering core systems and business development tools designed to make insurance operations more efficient, compliant, and digital. The company serves a substantial client base, reporting connections with over 100 insurance companies, 800 professional insurance intermediaries, and more than 1,500 ancillary agencies, encompassing over 600,000 agents.

Youbaolian has developed a suite of products to address various industry pain points. Key offerings include "Yousutong," which directly connects intermediaries to insurance company systems for rapid online policy issuance, and "Panshi," a system for online compliance management. Additionally, "Yousufu" is designed to improve the efficiency of commission settlements, moving from a T+1 model to real-time payments. For personnel management and training, the company provides "Banruotang," and for customer relationship management, it offers "Lanhu Scrm." This comprehensive product lineup aims to solve issues like inefficient policy issuance, complex commission settlements, and cumbersome financial compliance. In June 2022, the company secured tens of millions of RMB in a Series A funding round led by Hongta Securities and Aladdin Technology to fuel further research and development and market expansion.

Keywords: Insurtech, SaaS, insurance technology, China, insurance intermediaries, AI insurance, cloud platform, digital insurance, Wei Zongyi, policy management, commission settlement, marketing solutions, auto insurance SaaS, Series A, Hongta Securities, Aladdin Technology, fintech solutions, compliance management, agent tools, insurance brokerage tech